Begonia Corporation forecasts sales for the next three month as follows: October $ 600,000 ....

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Begonia Corporation forecasts sales for the next three month as follows: • October $ 600,000 . November $ 800,000 $1,200,000 . December Based on past experience Begonia expects 20% of a month's sales to be collected in the month of the sale, 65% in the month following the sale and the remaining 15% in the second month following the sale. Accounts receivable on October 1st are $400,000 and Begonia expects to collect 80% of the receivables in October and 20% in November. Begonia's expected cash collections during the month of October are closest to: $120,000 $600,000 $440,000 $520,000 Klaust Begonia Corporation forecasts sales for the next three month as follows: • October $ 600,000 . November $ 800,000 $1,200,000 . December Based on past experience Begonia expects 20% of a month's sales to be collected in the month of the sale, 65% in the month following the sale and the remaining 15% in the second month following the sale. Accounts receivable on October 1st are $400,000 and Begonia expects to collect 80% of the receivables in October and 20% in November. Begonia's expected cash collections during the month of October are closest to: $120,000 $600,000 $440,000 $520,000 Klaust

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October sales x Month of sales colleted Oc... View the full answer